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FAIR VALUE (Tables)

9 Months Ended

Sep. 30, 2018

Fair Value Disclosures [Abstract]

Summary of Assets Measured at Fair Value on Recurring Basis

The following table summarizes assets measured at fair value on a recurring basis at September 30, 2018 and December 31, 2017.

(Dollars in Thousands)	Level 1				Level 2				Level 3				Total Fair Value Measurements
September 30, 2018
AFS Securities:
States and political subdivisions	$	0			$	159,420			$	0			$	159,420
GSE residential CMOs	0				108,654				0				108,654
Private label residential CMOs	0				312				0				312
Private label commercial CMOs	0				61,210				0				61,210
Asset-backed and other	0				159,760				0				159,760
Totals	$	0			$	489,356			$	0			$	489,356
December 31, 2017
AFS Securities:
States and political subdivisions	$	0			$	159,458			$	0			$	159,458
GSE residential MBSs	0				49,530				0				49,530
GSE residential CMOs	0				111,119				0				111,119
Private label residential CMOs	0				1,003				0				1,003
Private label commercial CMOs	0				7,653				0				7,653
Asset-backed and other	0				86,545				0				86,545
Totals	$	0			$	415,308			$	0			$	415,308

Schedule of Changes in Fair Value of Impaired Loans

The following table presents changes in the fair value for impaired loans still held at September 30, considered in the determination of the provision for loan losses, for the three and nine months ended September 30, 2018 and 2017.

	Three months ended September 30,								Nine months ended September 30,
(Dollars in thousands)	2018				2017				2018				2017
Changes in fair value of impaired loans still held	$	63			$	43			$	147			$	41

Schedule of Changes in Fair Value of OREO For Properties Held

The following table summarizes changes in the fair value of OREO for properties still held at September 30, charged to real estate expenses, for the three and nine months ended September 30, 2018 and 2017.

	Three months ended September 30,								Nine months ended September 30,
(Dollars in thousands)	2018				2017				2018				2017
Changes in fair value of OREO still held	$	11			$	0			$	11			$	0

Summary of Assets Measured at Fair Value on Nonrecurring Basis

The following table summarizes assets measured at fair value on a nonrecurring basis at September 30, 2018 and December 31, 2017.

(Dollars in thousands)	Level 1				Level 2				Level 3				Total Fair Value Measurements
September 30, 2018
Impaired Loans
Commercial real estate:
Owner occupied	$	0			$	0			$	1,136			$	1,136
Multi-family	0				0				139				139
Non-owner occupied residential	0				0				297				297
Commercial and industrial	0				0				40				40
Residential mortgage:
First lien	0				0				1,239				1,239
Home equity - lines of credit	0				0				415				415
Total impaired loans	$	0			$	0			$	3,266			$	3,266
December 31, 2017
Impaired Loans
Commercial real estate:
Owner occupied	$	0			$	0			$	430			$	430
Non-owner occupied	0				0				4,066				4,066
Multi-family	0				0				165				165
Non-owner occupied residential	0				0				344				344
Commercial and industrial	0				0				53				53
Residential mortgage:
First lien	0				0				1,951				1,951
Home equity - lines of credit	0				0				161				161
Installment and other loans	0				0				3				3
Total impaired loans	$	0			$	0			$	7,173			$	7,173

Summary of Additional Qualitative Information

The following table presents additional qualitative information about assets measured on a nonrecurring basis and for which the Company has utilized Level 3 inputs to determine fair value.

(Dollars in thousands)	Fair Value Estimate				Valuation Techniques		Unobservable Input		Range
September 30, 2018
Impaired loans	$	3,266			Appraisal of collateral		Management adjustments on appraisals for property type and recent activity		5% - 75% discount
							- Management adjustments for liquidation expenses		6% - 20% discount
December 31, 2017
Impaired loans	$	7,173			Appraisal of collateral		Management adjustments on appraisals for property type and recent activity		7% - 75% discount
							- Management adjustments for liquidation expenses		0% - 20% discount

Financial Instruments at Estimated Fair Values

The following table presents carrying amounts and estimated fair values of the Company’s financial instruments at September 30, 2018 and December 31, 2017:

(Dollars in thousands)	Carrying Amount				Fair Value				Level 1				Level 2				Level 3
September 30, 2018
Financial Assets
Cash and due from banks	$	21,892			$	21,892			$	21,892			$	0			$	0
Interest-bearing deposits with banks	19,125				19,125				19,125				0				0
Restricted investments in bank stocks	9,337				n/a				n/a				n/a				n/a
Securities available for sale	489,356				489,356				0				489,356				0
Loans held for sale	4,765				4,883				0				4,883				0
Loans, net of allowance for loan losses	1,071,129				1,059,620				0				0				1,059,620
Accrued interest receivable	5,393				5,393				0				2,480				2,913
Financial Liabilities
Deposits	1,429,170				1,426,373				0				1,426,373				0
Short-term borrowings	45,353				45,353				0				45,353				0
Long-term debt	83,543				82,790				0				82,790				0
Accrued interest payable	588				588				0				588				0
Off-balance sheet instruments	0				0				0				0				0
December 31, 2017
Financial Assets
Cash and due from banks	$	21,734			$	21,734			$	21,734			$	0			$	0
Interest-bearing deposits with banks	8,073				8,073				8,073				0				0
Restricted investments in bank stocks	9,997				n/a				n/a				n/a				n/a
Securities available for sale	415,308				415,308				0				415,308				0
Loans held for sale	6,089				6,272				0				6,272				0
Loans, net of allowance for loan losses	997,216				994,617				0				0				994,617
Accrued interest receivable	5,048				5,048				0				2,580				2,468
Financial Liabilities
Deposits	1,219,515				1,213,288				0				1,213,288				0
Short-term borrowings	93,576				93,576				0				93,576				0
Long-term debt	83,815				83,949				0				83,949				0
Accrued interest payable	495				495				0				495				0
Off-balance sheet instruments	0				0				0				0				0

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